Malaysia's Paramount to set up RM 200 million debt securities program

By Marisa Wong

Madison, Wis., Jan. 23 - Paramount Corp. Bhd. said it plans to establish an up to RM 200 million private debt securities program.

Paramount has mandated Hong Leong Investment Bank Bhd., OCBC Bank (Malaysia) Bhd. and RHB Investment Bank Bhd. to act as joint lead arrangers and joint lead managers for the proposed debt program.

The Securities Commission Malaysia approved the program on Jan. 22.

Paramount is a Petaling Jaya, Selangor, Malaysia-based investment holding company with interests in property development, construction and educational services.

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